The Insurance Industry and Blockchain: 3 Innovative Solutions
Buying insurance is a way of guarding yourself and your family against the unexpected. But customer satisfaction has declined because of higher premiums combined with delays in benefit dispensation. For insurers, fraud remains a major concern. As insurance companies seek a way out, blockchain technology offers solutions. For example, it could transform areas such as claims settlement and client onboarding. It can even aid with fraud detection and risk management.
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